Gabelli Utility & Income Trust
GLU
19 hedge funds and large institutions have $10.4M invested in Gabelli Utility & Income Trust in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 5 closing their positions.
3.48% less ownership
Funds ownership: 16.26% → 12.78% (-3.5%)
14% less funds holding
Funds holding: 22 → 19 (-3)
17% less capital invested
Capital invested by funds: $12.5M → $10.4M (-$2.06M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$212K |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
+$57.4K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$46.7K |
| 4 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$31.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$22.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.33M |
| 2 |
Morgan Stanley
New York
|
-$607K |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$350K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$276K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$223K |
GLU Hedge Fund Activity: Q3 2018 in Review
19 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q3 2018, worth a combined $10.4M — down 17% from $12.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GLU and 2 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was LPL Financial, opening a new position worth an estimated $212K. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $1.33M sold.
- 19 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q3 2018, down from 22 in Q2 2018.
- Funds reported $10.4M of Gabelli Utility & Income Trust stock for Q3 2018, down 17% quarter-over-quarter.
- 2 funds opened new Gabelli Utility & Income Trust positions in Q3 2018 and 5 closed out, a net change of -3 holders.
- The largest Gabelli Utility & Income Trust buyer in Q3 2018 was LPL Financial, an estimated $212K added.
- The largest Gabelli Utility & Income Trust seller in Q3 2018 was 1607 Capital Partners, an estimated $1.33M sold.
Based on aggregated 13F filings for Q3 2018.